It is in many ways like

[lniles]

It is in many ways like 1929, but you can say that about pretty much any historical period.

Here’s a great read on the great depression. You can pick out many similarities to today’s economy. I like the parts about “malfeasance of bankers” and “incompetence of government officials”.

http://en.wikipedia.org/wiki/Great_depression

Interestingly, even in hindsight the cause of the depression is still debated.

Here’s a scary book called “The Second Great Depression: Starting 2007 Ending 2020” :